Adage Capital Partners GP L.L.C. Purchases 103,900 Shares of Amphenol Corporation $APH

Key Points

• Adage Capital Partners GP L.L.C. has increased its stake in Amphenol Corporation by 8.2%, acquiring an additional 103,900 shares, bringing its total ownership to approximately 1.37 million shares worth $90 million.
• Amphenol reported strong earnings with $5.65 billion in revenue and an EPS of $0.81, exceeding analysts' expectations and marking a 56.5% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.165 per share, with the dividend yield currently at 0.6% and a payout ratio of 26.29%.

Adage Capital Partners GP L.L.C. grew its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,372,820 shares of the electronics maker's stock after purchasing an additional 103,900 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.11% of Amphenol worth $90,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hughes Financial Services LLC acquired a new stake in Amphenol in the first quarter worth approximately $25,000. Avalon Trust Co raised its stake in Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 232 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in Amphenol during the 1st quarter valued at $28,000. Saudi Central Bank acquired a new position in shares of Amphenol in the first quarter worth $31,000. Finally, SouthState Corp acquired a new position in Amphenol during the first quarter worth $36,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In other news, VP David M. Silverman sold 100,000 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company's stock, valued at approximately $1,380,250. This trade represents a 88.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D'amico sold 100,000 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the transaction, the vice president directly owned 76,400 shares of the company's stock, valued at $8,449,840. The trade was a 56.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 665,924 shares of company stock worth $73,369,357 over the last ninety days. Insiders own 1.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on APH shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Bank of America raised their price target on shares of Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Robert W. Baird boosted their price target on shares of Amphenol from $118.00 to $127.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. KGI Securities initiated coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating on the stock. Finally, UBS Group upped their target price on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.62.

Amphenol Stock Performance

Shares of NYSE:APH traded up $0.30 on Monday, reaching $110.75. 2,840,676 shares of the company's stock were exchanged, compared to its average volume of 8,347,016. The company has a fifty day moving average of $105.61 and a 200-day moving average of $86.59. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $113.69. The company has a market capitalization of $135.22 billion, a price-to-earnings ratio of 44.12, a PEG ratio of 1.77 and a beta of 1.15. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The company's revenue was up 56.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. On average, research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.